Russia

Russia, where Statoil has been present for over 20 years is an important area for Statoil’s international expansion.

Statoil is a partner in the Kharyaga oil field development project in the Nenets Autonomous District.

Our strategic cooperation with Rosneft includes joint exploration in the Russian Barents Sea and the Sea of Okhotsk, and a Pilot study on a heavy-oil onshore asset in West Siberia. The two companies have also been awarded interests in the license PL713 in the Norwegian Barents Sea and have recently completed an exploration well in the Pingvin prospect.

The cooperation agreement with Rosneft is an important milestone for in Statoil’s ambition to expand its engagement with Russian partners and build a strong long-term position in Russia.

We believe Statoil can make a significant contribution to further development of the Russian oil and gas industry based upon our 40 years of experience in developing complex projects in harsh environments, strong safety and security performance and leading technological expertise.